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or it was the real barack obama at the debate, larry. >> all right. many thanks, we appreciate it. >>> so mitt romney outhustled, outfacted, outenergized and outinformed president obama. msnbc's chris matthews, an old pal of mine, completely went off the rails. take a listen to this. >> where was obama tonight? romney, i love the split screen. staring at obama. addressing him like the prey. he did it just right. i'm coming at an incumbent. i got to beat him. you got to beat the champ and i'm going to beat him tonight. what was romney doing? he was winning. >> he sure was, chris. he was winning big time. so now that romney is on a roll, where does he run after last night's sweeping win? let's talk. here now is democratic strategist steve mcmahon. and then cnbc contributor geoff jennifer rubin, author of the "washington post" right turn blog. jennifer was it a game changer for the whole presidential race? >> it potentially can be. what has to happen now romney has to build on that day after day. the difficulty they've had, this was true in the primary as well, they have a few good days and then they ge
opponents in 20 debates. mr. obama on the other hand, he's a bit doughy, i don't think he's in shape for this. and by the way, just minutes ago, north korea accused the united states of plotting to attack it as a steppingstone to dominate asia and has used the word nuclear war. well, how does president obama plan on handling these nut jobs? let me tell you that wednesday's debate, romney is going to broaden his message to include foreign policy. >>> plus we have a surprise increase in the ism manufacturing report. >>> plus again bernanke defends his debt plan. he's enabling the obama treasury to sell trillions of dollars in deficits. >>> hundreds of mexicans are involved in the fast and furious. this is a terrible story, hundreds of mexicans may be involved. should attorney general holder be fired immediately over this new information? >>> the ism signals no recession, that's good. but is the obama-bernanke qe stimulus plan going to bail out the president in this election and what about down the road, does it give us a huge inflationary bubble? lee munson, he's chief investment offic
on the new leadership change. >>> and next, washington and its debate tonight as romney and obama finally square off. we'll have a preview of what to expect and what's at stake with our very own democrat-republican panel. >>> and real estate is on the rise. we head to new york with founder barbara corcoran. mariano rajoy has denied reports that spain will request a bailout. the spanish prime minister joked that news agencies either knew more than he did or that they were, in fact, wrong. meanwhile, moody's rating agency said it will publish a review into spain's credit rating at some point this month. all spanish tax revenues have jumped significantly from precrisis levels due to a high incide incidents -- and seeking profits abroad as domestic demand wanes. just over $16.5 billion euros from corporate tax from the almost $45 billion collected in 2007. let's get out to julia in madrid. this was always going to be one of the challenges for the rajoy government to keep a handle on revenues as it tries to cut spending and increase taxes. >> reporter: absolutely. yes, he's announced the billi
in this debate tonight is to confirm some negative stereotype going into the debate whether it's president obama being arrogant or condescending or mitt romney caring only about a certain group of americans. >> classic moments. no doubt we're going to see moments like that tonight and throughout this campaign leading up to the election. larry kudlow back with us. we want to get your take on this. can something like that change the course of the election? >> oh, yeah. for one of these too. the other thing was a vice presidential debate. most people vote for president, not vice president. so something like that happened -- i don't really reckon that romney's going to stroll over to president obama. at least i hope not. one thing i will say, by the way, is if you go back to all those republican debates, we did the after-debate for one of them. romney's pretty good. he did very well in most of them. and two in particular. he took newt gingrich out in florida. at a moment when gingrich was really a big contender. romney took him out. >> even though the president, one of the best thing he does is spea
swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to ask for any government assistance? >> i think th
? >> i'm glad that under president obama that we have fewer oil imports but we want everyone to pay their fair share. >> gentlemen thank you very much. we appreciate it. coming up. we hear can't wait for tomorrow night's debate. so we are going to talk about growth and prosperity, tax poli policy, out-of-control spending and debt. team obama kcoerces companies ad not warn companies of impending budget cuts. the president is trying to hide a flood of job losses before the election. the kudlow caucus is going to debate that proposition. free market capitalism is the best path to prosperity. i'm kudlow, we'll be right back. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. now we need a little bit more... a little bit more vanilla? this is great! [ male announ
the debate, we saw that dropping in terms of chances for obama to be re-elected. i'm wondering, do you buy into the notion that perhaps stock futures are up this morning because it is perceived that romney did well in this debate? >> stock futures were up 7 1/2, at the top of the debate when it looked like he was really winning. at 4:00 a.m., they went back to 3 1/2. then spain did a fairly reasonable auction. >> auction, yeah. >> ecb. this debate had people transfixed for at least 27 to 35 minutes. in the stock market. then we were to, as always, which will spain survive? >> as we said, tomorrow the data continues. we'll get a jobs number. earnings on tuesday with alcoa. the media loves a comeback. that's what they'll spit out today. things could be very different in 24 hours. >> and you did a great job, i'd have to tell you, that the horse race element of it has always intrigued me as someone in media, but if i were a betting person and there was a stock obama is supposed to in trade, then i would say, look. i'm not buying puts. >> you'd be neutral. you'd have a neutral rating? a market
at wednesday's debate. >> today, president obama took it on as well. >> for all you moms and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out too. governor romney plans to let wall street run wild again, but he's going to bring down the hammer on "sesame street." >> i know everybody wants to be sympathetic to big bird and to "sesame street." i love the product. it was started the year i was born. >> thanks, bring that up. >> why does taxpayer money need to go to a product that is clearly so profitable? they have toys. they have games. they make money from licensing and revenue. why do taxpayers have to subsidize that? as a stand alone business, "sesame street" will do just fine. >> doesn't the profit from all those toys go to the nonprofit group? there's a children's television workshop that gets the money. >> they nonprofit, so why does taxpayer money subsidize a nonprofit? >> you can make an argument easily that helping a start-up organization like that 40 years ago, look at the good it's done in the country. >> so now 40
that the upcoming debates will be somewhat important to their votes, so the stakes are high tonight. president obama's lead in the nationwide polls is narrowing. meantime, romney has pulled even in florida. john harwood is in denver this morning and he will join us in just a few minutes with the other poll numbers and see just exactly how close it is. then we're going to try our own debates. at 6:30 eastern time, we have strategists from both sides of the aisle. democrat jimmy williams versus republican joe watkins. an hour later, former dnc chair and vermont governor howard dean is facing off against ed conard. irene rosenfeld, the ceo of mondolez international. the markets aren't to be forgotten. at 8:30 eastern time, we will be joined by jim grant. we're going to talk about the best investing strategies for the rest of the year with him. first, let's get you up to speed on this morning's headlines. over to andrew. >>> friday we'll get the government september jobs report. could be a game changer for the election. we'll get a hint of what may be to come. the employment report coming at 8:15 easter
obama, governor romney do kick off the first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head nothing good deed goes unpunished, if how you characterize the takeover of bear stearns, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a systemic fraud on thousands of investors, the lawsuit says, deceiving them about the fundamentally defect
-- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they thought newt would have been the guy to do it. and i don't think that the republicans now feel like they lost a step by having romney there. and in watching, i've tried to sometimes espouse free market principles, private sector language about how to approach certain things. and i got to tell you, there were a couple times last night where my eyes just got wider as i listened and, i don't know, sometimes your stances can make you -- if you're right about policy, it just -- maybe it's easier to win a debate. >> well, joe, a couple points. first of all, i think you're dead on about the gingrich point because i think mitt romney was newt gingrich's superior in the debate for the reason that i mentioned before. if you go after an incumbent president, you have to do it in the right way and new gingrich and proven over and over that he overtorts his rhetoric and goes too far and ultimately makes himself look bad. the other thing that romn
a debate about the details president obama put forward a budget that every member of congress voted against, democrats and republicans. we could put him on the details what a realistic budget would be for the u.s. government and have the same debate on that side. campaigns are about vision. campaigns are about putting forward the direction you want to take the country in and that's what it's about and if we're going to press in on the details let's press in on both of these guys. >> little' leave it there, terry and morris, appreciate it very much. >> thanks so much. >>> i'm going to do the tease. coming up, craig barrett joins us on set, we'll talk tech and he'll tell white house he's voting for come november and why. and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experi
," weeknights on cnbc. >>> big night on cnbc, not just because it's the first debate for romney and obama. it's because here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your port o portfolios are protected. time to play "am i diversified?." this is where you call me, you tell me your top five holdings and i tell you whether you need to diversify. we've gotten inundated with tweets. we have to go to them. this is from dimas720. i think i know a dmas who writes am i diversified, altria, trokter and gamble can, conoco phillips, big california boo-yah. mike dimas is from summit new jersey. procter & gamble, uh-oh, pepsi, consumer products company. altria, there's a match game thing going on there. conoco phillips, new york community, high yielding financial. keep altria. between pepsi and procter, keep pepsi. proctor is a work in progress although mr. mcdonald is doing much better. we're going to put in yes, a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >>
, auto sales for the month of september will be out. on wednesday, president obama and republican candidate mitt romney meet in the first presidential debate. this one focusing on domestic policy. on thursday, we'll get the minutes of the last meeting of the federal reserve open market committee. this one's the meeting when the fed governors approved another round of quantitative easing. and on friday, the always anticipated monthly jobs report will be released. we will find out if there's any change to the 8.1% unemployment rate for america. >>> finally, are you ready to hand over the wheel at google headquarters this week, california governor jerry brown signed a law legalizing driverless cars. the search giant has been developing self-driving cars for several years. they use cameras and radar to detect other vehicles. and have reportedly logged more than 300,000 road miles without an incident. implementing this idea is right on schedule. >>> you know, it was just at the 1939 worlds fair when general motors predicted a highway system full of electric cars controlled by remote ra
money to work today based on extrapolations from what you heard or your sense of who won the debate, you think that's a fool's game? >> i do. >> let's talk about where you see -- stick with politics. beginning of the year you said you expected president obama to be re-elected. do you still believe that? >> yes. yes. i really do. i think that he was maybe two scores up as i heard on "squawk box" this morning. maybe now it is only one. i still think in terms of looking at these battleground states and where he appears to have a competitive advantage, he's still ahead. >> you were extremely accurate in your overall call, at least as of this date, of how the market was going to perform. you said about 15% in 2012. that's about where we are. is now a good time to invest? and then what's going to happen in 2013. >> i would be much more cautious now. we divided our analysis of the market into two parts. there's the things people normally talk about, growth rates and earnings and the economy, but also the discount rate. the interest rate plus this other fear or uncertainty factor. the fed's acti
election. it's a big one. mitt romney and president obama are set to square off tonight in denver for the first of three presidential debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the defi
. >> no. i like gum. who doesn't. and biscuits. what's not to like? back to politics now. president obama's lead has narrowed heading into tonight's big debate. john harwood is in denver getting ready for the big event. john? >> reporter: melissa, we've got several pieces of encouraging news for mitt romney from not only the wall street poll but swing states poll. you mentioned that mitt romney's closed the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our poll. in virginia, he has closed the gap from five to two. if you look at the state of ohio, a must-win state for mitt romney, mathematically possible for him to get to it without it but his strategists think he needs it. he needs to make progress there. but the fact that some of the national polls are coming back a little bit, some of the swing state polls are tightening, is a bit of an earn couragement for romney that he still has an opportunity for deficit with three or four points to change the dynamic in some way.
presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the good news is that that debate, the discussion was clearly focused on the deficit and debt. which is the issue th
the idea that the labor department is cooking these numbers to help president obama. people said that during the bush administration too. they accused the bush administration of doing that. it is just not true. doesn't happen that way. and i think people need to have a real debate over the argument and not a cartoon debate about somehow darkened conspiracies with the number. >> so the discussion will happen on the sunday shows whether or not the week was about the president's performance in the debate, or this economic data. which wins? which one is more important? >> you know, the debate was seen by tens of millions of people. i think that's important. i've said all along during the campaign, the jobless numbers have been hyped in their importance because people are living in this economy. they feel what's happening to their lives and their own prospects. this is good news for the president but doesn't change what voters already know about their own lives and the prospects for their kids to get ahead, the prospects for them to get jobs if they don't have jobs now. i wouldn't ove
Search Results 0 to 18 of about 19